Aviation asset management market is anticipated to grow at a significant CAGR of 5.9% during the forecast period. Airports have a range of airside and landside assets such as airfields, refueling facilities, runways and taxiways, transit systems, aerobridges, buildings, baggage handling systems, parking garages, and air navigation aids, that require efficient asset management tools for effective maintenance and uninterrupted operation. To maintain these things aviation asset management is required. The rising number of air passengers is growing the aviation asset management market during the forecast period. According to International Civil Aviation Organization (ICAO), in 2019 the total number of passengers carried on scheduled services rose to 4.5 billion which was 3.6% higher than the previous year, also the number of departures reached 38.3 million in 2019, a 1.7 % increase. These instances show the growing trend for air passengers which in return increases the aviatiasset management market also.
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COVID-19 has forced the countries to do strict lockdown across the globe in almost every industry. Due to this the transportation sector was also hit badly. To stop the spread of the novel coronavirus almost every international border and transportation was closed. The lockdown limitation affected the supply chtransportationtion which caused severe revenue loss to the companies and manufacturing units that were shut down including the aviation asset management companies also. Post COVID-19 the market is anticipated to grow normally as before due to the uplifting of the restrictions and lockdown by the governments, which will boboohe the market to grow normally as the number of air passengers number increases.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Aviation Asset Management Market Report Segment
By End-Use
- Commercial Platforms
- MRO Services
By Service Type
- Leasing Services
- Technical Services
- Regulatory Certifications
Global Aviation Asset Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aviation asset management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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